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Friday, November 15, 2024

Unchanged property tax revenue in Mississippi during Q2 2022

Mississippi collected $25 million in property taxes during the second quarter of 2022, unchanged from the first quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Mississippi collected $2.2 billion in combined tax revenues in the the second quarter of 2022, a decrease from the $2.3 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 2022 Mississippi Tax Collections
Type of TaxAmount (millions)
Property Taxes$25
Sales and Gross Receipts Taxes$1,499
Income Taxes$617
License Taxes$92
Other Taxes$12
Source: U.S. Census Bureau

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